PG&E Corporation

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Case overview

Case Number:

3:19-bk-30088

Court:

California Northern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

November 05, 2019
PG&E Switches To Opt-In Releases In Revised Ch. 11 Plan

Pacific Gas & Electric creditors would no longer have to specify they want to retain their litigation rights under a revised Chapter 11 plan the utility has filed with a California bankruptcy court.
October 21, 2019
PG&E Judge Calls Dearth Of Wildfire Claims 'Heartbreaking'

Pacific Gas & Electric Corp. should have gone door to door to ensure Northern California residents who suffered property loss, emotional distress and other harms in recent wildfires filed proofs of claims, a California federal judge said Monday, finding the low claim rate "unacceptable" and "heartbreaking."
October 21, 2019
Weil Gotshal Seeks $2M For Work On PG&E Case

Weil Gotshal & Manges LLP is asking for $2 million in fees and costs for its work in August on the massive bankruptcy of California's Pacific Gas and Electric Co., with billable hours from just two partners accounting for nearly half of the haul.
October 18, 2019
PG&E Bondholders, Wildfire Victims File Rival Ch. 11 Plan

Pacific Gas & Electric Co. noteholders and wildfire victims have filed a joint alternative to the California utility's own Chapter 11 plan that would give the noteholders control of the company and victims an additional $6 billion in potential compensation.
October 17, 2019
Creditors Slam $11B PG&E Proposal Over Calif. Wildfires

Creditors blasted Pacific Gas and Electric's proposed settlement of subrogation claims stemming from California's 2017 and 2018 wildfires, saying it locks the bankrupt utility into an $11 billion payment to insurers no matter what direction the case takes in the future.
October 09, 2019
PG&E Judge Clears Way For Rival Ch. 11 Plans

A U.S. bankruptcy judge Wednesday terminated Pacific Gas & Electric Co.'s exclusive right to file a Chapter 11 reorganization plan, clearing the path for a competing plan by PG&E bondholders just two days after attorneys for Northern California wildfire victims told him the utility's plan wouldn't make them whole.
October 08, 2019
Alsup Slams Calif. City's 'Half-Baked' PG&E Probation Plan

U.S. District Judge William Alsup threw shade Tuesday on a "half-baked" proposal by San Bruno, California, leaders to order Pacific Gas and Electric Co. to spend its remaining community service probation hours on wildfire mitigation, saying he fears funds will be "squandered on consultants and lawyers" without completing the project.
October 07, 2019
Wildfire Victims Say PG&E's Ch. 11 Plan Won't Cut It

Pacific Gas and Electric Co.'s Chapter 11 reorganization plan won't make Northern California wildfire victims whole again, their attorneys told a U.S. bankruptcy judge Monday, urging him to terminate PG&E's exclusivity period to allow them to move ahead with an alternative plan that caps liabilities $6 billion higher than PG&E's proposal.
October 02, 2019
PG&E Case Attys Blast Fee Application Protocol

Counsel for Pacific Gas and Electric Co., the utility's board of directors and the unsecured creditors in its bankruptcy case have jointly claimed the court-appointed fee examiner is seeking to impose excessively strict caps and unnecessary barriers to their fee applications.
September 24, 2019
Fire Victims Slam PG&E's 'Master-Mindey Cute' Ch. 11 Plan

Wildfire victims' counsel slammed PG&E's proposed Chapter 11 reorganization plan during a hearing in California bankruptcy court Tuesday, saying that the utility never asked the victims to negotiate and that its proposal puts creditors ahead of the victims and is "way too master-mindey cute."

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